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Stock impact report

BofA Notes Positive Interest in Novavax, Inc. (NVAX) Technology Despite Timing Concerns for Licensed Assets [Yahoo! Finance]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Yahoo! Finance
TheFly reported on January 20 that BofA raised its price target on NVAX to $7 from $6 while maintaining an Underperform rating. The update followed the company's announcement of a non-exclusive licensing deal with Pfizer for its Matrix-M adjuvant across up to two infectious disease areas. While BofA views the agreement and upfront payment as positive signs of interest in Novavax, Inc. (NASDAQ:NVAX)'s technology, the firm remains cautious about the timing of development for assets under the license and continues to rate the stock Underperform. Additionally, on January 21, NVAX saw unusually strong bullish options activity, with call trading running at roughly three times normal levels. Implied volatility jumped by nearly eight points to above 71%, while the put/call ratio fell to 0.07, reflecting strong upside positioning ahead of the company's expected earnings later in February. Novavax, Inc. (NASDAQ:NVAX) is a U.S. biotechnology company developing and commercializing innovative Show less Read more
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